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Verifying the development of AI in the region, a report launched by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and growth," said the report.
Top business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, financiers, and industry experts attended the first Global Company Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas rely on each other for essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the changing patterns of international demand and what function Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research study centre, by supplying organization documentation, offering legal services, assisting in networking chances via signature business occasions and delivering nearly every conceivable company service, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.
Key Developments in the 2026 Middle East MarketReacting to a question on regional start-ups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and data personal privacy; and actually strong academic organizations that are progressively looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant motorist right now is purchasing talent, since in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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